Archive | Banking & Finance

Libya is 7th largest investor in Abu Dhabi

Libya emerged as the seventh largest investor in Abu Dhabi at the end of 2008 while Britain was the top investor, pumping nearly a third of the total capital into the emirate, according to government data. By the end of 2008, foreign direct investment (FDI) into Abu Dhabi totalled nearly 51.6 billion, up by around […]

Libya open for business but obstacles ahead

Within days, Prime Minister Abdurrahim El-Keib will name a new government that will have the tough task of asserting the National Transitional Council’s (NTC) control of a fractured country, reviving the economy and introducing democracy. It will have to build institutions from scratch, sustain the revival of Libya’s oil industry and disarm militias. Bringing unruly […]

Libya Explores Fund to Channel Investment Tied to Security Deals

Libya is considering the creation of funds to manage investment in infrastructure pledged by defense and security companies to win government contracts, according to consultancy Blenheim Capital Services Ltd. Blenheim has held initial talks with Libya’s interim National Transitional Council with a view to being taken on as an adviser to help set up the […]

Tags: ,

Experts eye impact of Sharia law on Maltese business with Libya

It is too early to determine the implications of Libya’s plans for an Islamic banking structure for Maltese firms operating there, but they will certainly have to heighten their cultural awareness, Islamic finance expert Reuben Buttigieg told The Times Business. Declaring Libya liberated on Sunday, three days after the death of Colonel Muammar Gaddafi, transitional […]

Conoco earnings fall on Libyan instability

ConocoPhillips, the third-biggest US oil company by market capitalisation, reported a 16 per cent drop in third-quarter earnings, citing a range of factors, including suspended operations in Libya and offshore China. The company, which next year will split its exploration and production and its refining operations into two separate companies, on Wednesday reported earnings of […]